BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Lebanon's presidential election postponed to Sept. 23

Lebanese lawmakers Tuesday failed to elect a new president for an 11th time, prompting Speaker Nabih Berri to postpone the voting session to Sept. 23, The Daily Star reported.

Only 57 deputies of the 128-member Parliament showed up for the noon session, reflecting the lack of consensus over a presidential candidate.

Hezbollah MPs and lawmakers from the Free Patriotic Movement of MP Michel Aoun, the undeclared March 8 candidate for president, have maintained their boycott of the election sessions, insisting that a consensus candidate be agreed upon before any vote is held.

A statement read out by Berri's spokesman Mohammad Ballout said the speaker had postponed the session until noon on Sept. 23 "over lack of quorum."